The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 11, 2026 for R M Shah
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R M Shah, a promoter group member of Rikhav Securities Ltd, has disclosed the release of encumbered (pledged) shares. The entire pledged holding of 3,51,830 shares representing 0.92% of total share capital was released on 8 May 2026. The reason stated is that the pledge was created unintentionally as the scrip was erroneously ticked together with other scrips during execution. Post the release, the encumbered holding stands at zero shares.
This is a technical correction where a mistakenly created pledge has been released. There is no change in the promoter's actual shareholding of 0.92%, and the release has no negative implications for the company or shareholders.